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28740395
28740030

US 377 at Country Club, Argyle, TX 76226

SS
TX TX 0502217
Imperium Holdings LP
Listed by Imperium Holdings LP
$14,900,000
1804 days on market
Updated 35 days ago

Field + Fork Village

Details
APN 64661, 64708
Property Type Land
Sub Type Commercial, multifamily (+1)
Broker Co-Op Yes
Acreage 24.240
Zoning PD-10 (retail/office/restaurant - commercial)

HARD CORNER: US 377 at Country Club Rd in the middle of 70,000 high income homes coming now

Marketing description

  • Approximately 4,000 feet of US 377 and Country Club Rd (major area arterial) frontage

  • Improvements of Country Club (4 lane) road/curb/gutter completed

  • Ag exemption in place and ag lease to maintain property

  • Zoning currently allows for most retail uses, grocer, restaurants, offices, day care; City EDC has discussed options to include luxury development that may include multifamily (luxury only) and townhomes (luxury only)

  • Several LOIs received from local, regional and national credit tenants

  • Seller financing is available

  • Seller has completed:

  1. Commercial zoning

  2. Extension of all utilities to site

  3. ESA-1

  4. TIA

UPDATE: New plans underway for a family-friendly destination. These plans will include:

  • 40-50 room boutique hotel

  • 200 units 55+ luxury living

  • 24 units 55+ ultra luxury cottages with full services

  • 2 waterfront restaurants cantilevering over a 1/2- acre stocked pond and outdoor entertainment stage

  • Inline restaurants, retail and office

  • Boutique luxury shops

  • Farmer’s market and craft fair venues

  • Wedding chapel / multi-purpose event center

  • Event lawn / performance stage with event food truck service

  • Lagoons, waterfalls, streams, fountains

  • Bocce ball, playgrounds, fishing pier and other outdoor event venues scattered throughout the site

  • Windmill, clock towner, gardens, and outdoor spaces

Field + Fork Village is a 25-acre, signalized hard corner located in the Town of Argyle. The Town is 33 minutes north of Fort Worth and 45 minutes northwest of Dallas. According to Zip Atlas, Argyle was ranked fifth among all Texas cities for highest income in 2014. Additionally, Argyle High School was ranked 74th in the State and many families continue to move to this area for the exemplary school system. The recent opening of the Denton Creek Regional Wastewater System made it possible to service thousands of new homes coming online. Within five miles, there are approximately 35,000 homes planned or under construction. Commercial property located in south Argyle and west Flower Mound is surrounded by low density residential zoning. Immediately north of Field + Fork Village is the City of Denton where high density residential is flourishing. Only four major intersections exist within the community serviced by Country Club Road; US 377; FM 407; and Interstate 35W. The limitations of infrastructure, absence of commercial competition for many miles, and geographical constraints of nearby Lake Lewisville and Lake Grapevine, extend Field + Fork Village’s trade area for several miles. Several churches and schools, located at US 377 and FM 407, restrict beer and wine sales within 300 feet of other sites. The adjacent Union Pacific Railroad prevents access along US 377’s west right-of-way. The absence of service roads along 35 West prevents access to nearly all of the Interstate’s commercial corners. Current plans for the US 377 road widening will include divided medians and will ultimately prevent access to several locations along this route. Due to these, and many other area constraints, few grocery stores and retailers operate, or have the ability to function, within several miles of Field + Fork Village. This site is a strategic commercial position with high barriers to entry that offer retailers an opportunity to monopolize this trade area. Field + Fork Village offers unobstructed visibility with multiple access points to over 20,000 cars passing by daily. This high level of area protectionism is a very rare asset feature in commercial real estate; nearly all other commercial corners are vastly inferior or infeasible for commercial development. A handful of waterfront dining sites are available that will offer 270-degree panoramas from enclosable decks that extend OVER a half-acre stocked pond. A great lawn will overlook this water feature and will be a venue for local events including fishing expos, family movie nights, and outdoor concerts. Equestrian office suites and multi-tenant retail space with creek frontage views are also available for prelease with construction to commence soon. This site’s natural features include a half-mile creek with terracing ponds; 100-year old oak trees; nearly a mile of groomed, creek-frontage horse trails; and undulating terrain; all of which are being incorporated into the development. Pad sites are available for ground lease, or optionally, the 25 acres can be acquired in its entirety. All wet utilities and three-phase electric are currently on property with adequate capacity. Field + Fork Village is zoned Planned Development and is currently ag exempt. For more information, contact Stephen Schattner. 972.385.1907 ext 301

Investment highlights

  • Trophy property, one of only a few commercial hard corner sites in the region with all utilities and major access

  • Waterfront dining with major outdoor entertainment facilities

  • High barrier to entry | Union Pacific Railroad (parallel to US 377) restricts access to west ROW of US 377 & no service roads on I-35W restrict access

  • High density residential growing in Denton to the north with no retail services and no thoroughfares/intersections to serve residents

  • Huge traffic counts growing rapidly / US 377 to be widened to accommodate area growth

  • HOTTEST MARKET in the US, in the middle of a 36-square mile growth explosion

  • Nearly 70,000 new homes being added in area, already underway. These include:

  1. Furst Ranch: 8,400 units

  2. Canyon Falls: 1,800 units

  3. Harvest: 3,500 units

  4. Pecan Square: 2,900 units

  5. Hunter's Ranch: 10,000 units

  6. Cole Ranch: 12,000 units

  7. Robson Ranch: 7,200 units

  8. County Lakes: 1,700 units

  9. The Ridge 1,000 units

Listing Contacts

SS
TX TX 0502217
Imperium Holdings LP
Listed by Imperium Holdings LP

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Additional Information

Name
Stephen Schattner
License
TX 0502217
Brokerage
Imperium Brokerage Services, LLC
Brokerage Phone
9723851907
Brokerage Address
5851 Legacy Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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